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China appears to ban stock market from social media search following plunge
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China Appears to Ban Stock Market From Social Media Search
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China’s stock rout on Tuesday turned so extreme that state-backed funds intervened to calm the market, but finding any news about what happened proved somewhat difficult on the mainland.
On Sina Weibo (微博), which has about half a billion active users, a search for Chinese equivalent of “stock market” generated no posts yesterday, suggesting the phrase had been censored.
Users could still post using the term, and searches for words that mean “plunge,” “A-shares” and “stocks” were successful as of 11am.
An article in the Shanghai Securities News, one of China’s most widely circulated financial dailies, said that large insurers bought stocks on
Beijing Hit by Heavy Smog; Xi Addresses PLA: NPC Update
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ASX to bounce, bond selloff eases
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Australian shares are poised to open higher, recouping some of Fridayâs losses, as the panic selling in government bonds abated.
The currency continued its fast retreat after briefly trading above US80¢ on Thursday; it traded below US77¢ and then steadied as traders repositioned after a suddenly wider gap between US and Australian bond yields.
In New York, the Nasdaq ended higher, bolstered by mega techs even though their early rally faded into the close. The Dow shed 470 points or 1.5 per cent.
US markets âfound some firmer footingâ and US Treasuries were âwell bidâ, TD Securities said. The yield on the US 10-year note fell 11 basis points to 1.40 per cent.